The measure will generate an estimated $66 million per year from 2014 through 2019 through a CPI-indexed property tax levy lid lift of 18.77 cents per $1,000 of assessed value – an estimated $56 per year for the owner of a home valued at $300,000. It replaced two parks levies, the King County Parks Levy and the Open Space and Trails Levy, which expired at the end of 2013.

2012 King County Parks Levy Task Force

In June 2012, King County Executive Dow Constantine convened a panel of business and civic leaders to help define a path to funding King County's parks, trails, and open space upon expiration of the current levies at the end of 2013.

Press release: "Citizen task force recommends continued levy support of King County parks, trails, open space" - November 28, 2012.

As required by the levy legislation, a Parks Levy Citizen Oversight Board (COB) was established to monitor the expenditure of levy proceeds. The nine-member COB was appointed by the King County Council and convenes annually.

Agendas and meeting times and locations for the 2014 COB meetings can be found here. All meetings take place from 4 pm - 6 pm at 201 S Jackson St, Seattle. Meetings are scheduled for: